Stalking a Bottom in GDX

2022년 7월 20일

Here's an update to the weekly Trend Channel Chart for GDX I first posted on the 15th with a target of 24-ish as a possible swing bottom. the signal would be the tag of the Lower Rail intersection .. getting pretty close now.. the ideal bottom set up would see a spike through the intersect followed by a quick reversal back to the low Gold coloured rail... for me the Bull trigger is at 25-ish on the recovery .. tight stops of course as the zone could also fail into a deeper low..